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The original was posted on /r/cryptocurrency by /u/martijnroo on 2024-01-12 19:26:49+00:00.
Hi guys, So I'm still pretty new in crypto and also still learning.
I've got a few questions about making up my mind for potential investments regarding some statistics. (I'm looking for mostly long term investments and don't want to do any day trading for now)
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So I 've been looking on coinmarketcap and from my understanding you have to be looking at the volume and market cap. Is it correct that it is a good sign if the volume is closer to the marketcap then if its further away from it? (Example: coin 1 = 500k volume and 800k marketcap and coin 2 = 300k volume and 1mil marketcap) So in this instance coin 1 might be a better option ?
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Ive also been reading about the "Current Market Cap” and “Fully Diluted Market Cap”. That if there is a huge difference between the value of these two on a coin, that it is very likely that the price will fall in the future ? so with this in mind should you also be looking into coins that have these two values closer together? Is this correct?
If I'm wrong about these two questions I am all ears and would love to hear what to look for instead.
Any other advice regarding this would also be appreciated alot.
Like I said I'm still pretty new and still learning. Thanks! :)